IRS Updates First Time Home Buyer Credit Form

IRS Updates First Time Home Buyer Credit Form

The IRS has now updated their posting for the First Time Home Buyers Credit form that has to be used for sales after November 6th (date of new enactment). Originally the form was going to be ready in December. Then it was “January 8th”. Now they are saying “Soon”. When the form does become available you can access it at www.irs.gov and the link is on the upper left-hand side under “Top Forms and Publications”. It is Form 5405. Even if you use a tax preparer it would be good for the taxpayer to review the new requirements so they can gather the necessary info for the preparer.